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Investments in Forest Industry Transformation (IFIT) | Natural Resources Canada (NRCAN)

June 30, 2024

Value

Varies.

Description

The IFIT program will increase its efforts to help improve the environmental performance of the forest sector by supporting demonstration and adoption projects that contribute to the decarbonization of industrial processes, as well as the efficient use of resources that generates more value from the same amount of wood. In addition to continuing to fund projects that produce renewable energy and sustainable bioproducts, IFIT will seek to invest in projects that integrate technologies leading to greater energy efficiency and explore bioenergy carbon capture in forest sector operations. These investments will enable the next wave of innovation, solidifying Canada’s position as a leader in forest sector transformation.

Eligible Applicants

IFIT funding is open to the following applicants:

  • Legal entities validly incorporated or registered in Canada including:
    • for-profit and not-for-profit organizations such as companies, industry associations, and research associations
    • Indigenous organizations and groups
  • Provincial, territorial, regional, and municipal governments and their departments and agencies where applicable

Eligible Expenses

The IFIT program is delivered through two streams: capital investment projects and studies.

  • Capital Investment projects – The IFIT capital investment projects stream provides non-repayable contributions of up to $10 million of a project’s eligible costs to enable forest sector firms to adopt transformational technologies and diversify product streams, ensuring industry competitiveness and greater environmental outcomes. Deadline: Open for applications.
  • Studies projects – The IFIT studies stream provides non-repayable contributions of up to $1 million of a project’s eligible costs for studies linked to the advancement of innovation in the forest sector in support of a future capital investment or a strategic shift by forest sector firms. Deadline: Open for applications.

Deadline Date

Ongoing until June 30, 2024.

Contact

Contact Name: IFIT team

E-mail Address: ifit-itif@nrcan-rncan.gc.ca

Website: https://natural-resources.canada.ca/science-and-data/funding-partnerships/opportunities/forest-sector/investments-forest-industry-transformation/13139

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Contact

1-780-297-6177
davidk@albertabusinessgrants.ca

Alberta Business Grants
Edmonton, Alberta
Canada

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